RedBridge Grant Samuel Update (June 2014)

Date: Jun 2014

RedBridge Grant Samuel's clients, Chengdu Tianqi Industry Group and China Investment Corporation (“CIC”), on the completion of the sale of a 49% stake in Talison Lithium to Rockwood Holdings Inc., being the company Tianqi/CIC outbid to acquire Talison in late 2012. The US$1.05 billion valuation of the transaction represents a 26% uplift on the price paid by the clients 15 months earlier and Rockwood has also granted Tianqi a 3 year option to acquire an interest of between 20-30% in Rockwood’s European lithium unit.

Tianqi simultaneously also sold its remaining 51% stake in Talison into its listed affiliate, Sichuan Tianqi Lithium Industries, and the Tianqi group announced the A$230 million acquisition of a lithium processing plant from Galaxy Resources.

In addition to advising on all of the transactions above, RedBridge Grant Samuel has this year completed a number of other advisory mandates for clients in the food & agriculture, outdoor advertising and resources sectors in Australia and will shortly be establishing an additional presence in London to support the increased level of Asian outbound M&A going into Europe.

We have recently moved our Hong Kong office address to:

Level 8, Two Exchange Square
8 Connaught Place, Central, Hong Kong

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